Government launches portal to trace unclaimed bank deposits, insurance policies, mutual funds: How to access

Many people unknowingly leave money in dormant bank accounts. Some have money stuck in forgotten insurance policies, unclaimed mutual fund investments or unpaid dividends and shares. To help citizens track down and recover such financial assets, the government has launched the ‘Your Money, Your Right’ campaign along with a dedicated portal that serves as a single access point for various regulator-managed claim platforms.

To help citizens locate and recover forgotten, unclaimed assets, the central government has launched a website, https://www.unclaimedassetsportal.in, where a single gateway directs users to appropriate regulator-managed portals to reclaim bank deposit claims, insurance claims, share claims, etc.

Under the portal, individuals can search for unclaimed bank deposits through the RBI's UDGAM portal. The portal allows users to look for deposits that may have become inoperative or remain unclaimed across participating banks.

Old savings accounts, fixed deposits, recurring deposits and accounts that have remained inactive for long periods may be searched through the facility.

For insurance-related claims, users are redirected to resources provided by the Insurance Regulatory and Development Authority of India (IRDAI). Policyholders or nominees can use the available tools to trace forgotten life insurance policies and begin the process of claiming benefits that remain unpaid.

Investors looking for forgotten mutual fund holdings can access support resources through SEBI's MITRA platform.

The facility helps investors identify inactive or unclaimed mutual fund folios and obtain information on the process required to reclaim them.

Unclaimed dividends and shares transferred to the Investor Education and Protection Fund Authority (IEPFA) can be searched through the designated portal.